NEW YORK (TheStreet) -- Crude Oil has rallied aggressively higher after hitting key long-term support down near 38.00 last week. We are moving to a more neutral stance on this market for the time being, but if an obvious buy signal forms following a small retrace lower whilst above that 38.00 level, we will consider a long entry.



Chart via LearnToTradeTheMarket.

 

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.